Scale of China Textile Investment Development Co., Ltd.

The company is mainly engaged in research and development, production, sales, import and export business, bonded business, industrial development and investment of textile raw materials, new textile materials, textiles, special fibers and engineering plastics. The main products include nylon monofilament, high-strength PE fiber, thermoplastic elastomer resin, sea-island superfine fiber, weft-free cloth, polyester filament, wool and cashmere products. After years of business construction, the company has established a nationwide marketing network and has extensive import and export business relations with Japan, the United States, Australia, Europe, Hong Kong and other countries and regions.

China Textile Investment and Development Co., Ltd. (hereinafter referred to as "the Company") is a joint-stock company registered in Shanghai, People's Republic of China (PRC). Approved by China Textile Federation No.60 (1996), the State Commission for Economic Restructuring (1997) reformed. In order to cooperate with the share-trading reform, the extraordinary shareholders' meeting in 2006 decided to increase the registered capital by 55,967,340.00 yuan from capital reserve, and the registered capital after the change was 429,082,940.00 yuan. It has been verified by Ernst & Young Dahua Certified Public Accountants Co., Ltd. with Ernst & Young Dahua Yanzi (2006) No.650 Capital Verification Report. On June 5, 2007+10/October 8, 2007, the company completed the industrial and commercial change registration of the Business License of Enterprise as a Legal Person. A shares of RMB common stock issued by the company have been listed on the Shanghai Stock Exchange. The registered address of the company is Room 4202, China Development Bank Building, No.500 Pudong South Road, Pudong New Area, Shanghai, and its headquarters is located on the 33rd floor of Kerry Building, Yan 'an West Road 1228, Shanghai.